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OilandGasTrends

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FIRS boss tasks foreign shipping companies on compliance with Nigeria’s tax laws

Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has urged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s...

NUPRC constitutes committee to address inactive oil blocks

By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has constituted a committee to address issues bordering inactive crude oil blocks and reverse the...

FUEL SUBSIDY IS A CABALRIAM SCAM

In the sixties, seventies, and eighties, Nigerians used to have different grades of premium motor spirits called PMS, otherwise known as petrol. And each...

Nigeria’s NNPC winding down crude oil swap contracts, CEO says

ABUJA, June 4 (Reuters) - Nigeria's state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for...

Autogas stalls as NNPC, marketers bicker over N500b debt, pro rated fuel cost 

This is coming as the Federal Government’s autogas plan, piloted by the NNPCL and expected to have led to at least two million gas-fired...

Subsidy removal: NLC to begin nationwide strike Wednesday

THE Nigeria Labour Congress (NLC) is to commence a nationwide strike on Wednesday, June 7, if the Federal Government fails to reverse the reverse...

Dangote refinery will contribute significantly to Nigeria economy growth- MOMAN

By Yusuf Yunus Mr Clement Isong, Chief Executive Officer(CEO), Major Oil Marketers Association of Nigeria (MOMAN), says Dangote Refinery through its production and ancillary industries...

Federal Govt To Unveil $50bn Oil Industry Projects

Oil and gas opportunities valued at over $50bn and projected to be developed within five years were showcased by international and indigenous companies at...

Nigeria’s N77trn debt mind-blowing, say oil and gas workers

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, on Thursday in Abuja expressed concerns over Nigeria’s N77 trillion public debt. Addressing the...

Angola Overtakes Nigeria In Oil Production As Output Drops To 0.9Million Barrels Daily

Oil production figures for Nigeria crashed to an average of 999,000 (0.999 million) voluntary production level in barrels per day (bpd) in April, just...

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